Save Money on Audi A3 Insurance in Plano

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Unimaginable but true, almost 70% of insureds have stayed with the same insurance company for a minimum of four years, and just under half have never even shopped around for affordable coverage. With the average car insurance premium being $2,680, Texas drivers could save as much as 70% each year by just comparing quotes, but they mistakenly think it's difficult to compare rates and save money.

Insurance quote for Audi A3 in PlanoReally, the only way to find more affordable Audi A3 insurance is to regularly compare prices from companies in Plano. You can shop around by following these guidelines.

  1. Gain an understanding of what is in your policy and the changes you can make to prevent high rates. Many rating criteria that increase rates like traffic violations and a low credit score can be amended by making lifestyle changes or driving safer.
  2. Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or State Farm, while agents who are independent can provide price quotes for many different companies. View companies
  3. Compare the price quotes to your existing rates to see if a cheaper rate is available in Plano. If you find a lower rate and make a switch, make sure coverage does not lapse between policies.
  4. Provide adequate notice to your current company to cancel your current coverage. Submit the application along with any required down payment for your new policy. As soon as you can, put the certificate verifying coverage along with the vehicle's registration papers.

The most important part of this process is to make sure you're comparing the same deductibles and limits on every price quote and and to get prices from as many different insurance providers as possible. Doing this provides a level playing field and the best rate selection.

If you have a current auto insurance policy, you will surely be able to get lower rates using the techniques presented in this article. Buying the cheapest auto insurance in Plano seems hard but is not really that difficult. Although Texas consumers must learn how companies determine prices and use this information to your advantage.

Why You Might Pay Inflated Rates in Plano

It's important that you understand some of the factors that help determine your policy premiums. If you have some idea of what determines base rates, this allows you to make educated decisions that will entitle you to cheaper rates.

The itemized list below are most of the major factors used by your company to calculate your prices.

Rate your vehicle for proper use - Driving more miles annually the more it will cost to insure it. A lot of insurance companies charge rates based upon how the vehicle is primarily used. Autos that are left in the garage receive lower rates than vehicles that are driven to work every day. Improper usage on your A3 can cost quite a bit. It's always a good idea to double check that your insurance policy is rated on annual mileage, because improper ratings can cost you money.

Discounts for multiple policies - Most major insurance companies will give lower prices for people who carry more than one policy, otherwise known as a multi-policy discount. The discount can be ten percent or more. Even with this discount applied, it's still a good idea to check prices from other companies to guarantee you are still saving the most. You may still save even more by insuring with multiple companies.

Pay more out-of-pocket - The deductibles represent how much money you are willing to pay out-of-pocket if a covered claim is submitted. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Examples of covered claims would be rear-ending another vehicle, collision with a deer, and damage caused by road hazards. The more damage repair cost the insured has to pay upfront, the less your insurance will be.

What are good liability limits? - The liability section of your policy is the coverage that protects you in the event that you are responsible for damages caused by your negligence. It will provide you with a defense in court up to the limits shown on your policy. Liability insurance is quite affordable compared to comp and collision, so do not skimp.

Insurance prices and vehicle performance - The performance level of the vehicle you need insurance for makes a huge difference in determining your rates. The lowest rates are for lower cost passenger cars, but the final cost of insurance is determined by many other factors.

The next chart uses these variables: single female driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It compares Audi A3 insurance premiums compared to other models that have different performances.

Never let your insurance policy lapse - Having a gap between insurance policy dates will be a guaranteed way to pay more for insurance. And not only will your rates increase, getting caught without coverage can result in a fine, jail time, or a revoked license. You may then be required to provide proof of insurance in the form of an SR-22 filing with the Texas department of motor vehicles.

Gender and car insurance costs - Over the last 50 years, statistics have shown females are less aggressive when driving. The data does not necessarily mean that females are better at driving than males. Women and men get in at-fault accidents in similar percentages, but the males have accidents that have higher claims. Not only that, but men also receive more costly citations like reckless driving and DUI.

The illustration below shows the difference between Audi A3 premium costs for male and female drivers. The premium estimates are based on no claims or violations, comp and collision included, $1,000 deductibles, single status, and no discounts are taken into consideration.

Your location is important - Living in less populated areas is a good thing when buying insurance. Fewer drivers on the road corresponds to lower accident rates and also fewer theft and vandalism claims. Drivers who live in large Texas cities regularly have more auto accidents and a longer drive to work. More time commuting means more chance of being in an accident.

Audi A3 insurance loss data - Companies factor in historical loss data as a tool for profitable underwriting. Models that historically have increased claim numbers or amounts will have higher rates.

The table below outlines the historical insurance loss data for Audi A3 vehicles. For each coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is a value of 100. Numbers under 100 mean the vehicle has better than average losses, while numbers above 100 indicate higher probability of having a loss or tendency to have larger claims.

Insurance Loss Ratings for Audi A3 Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Audi A3 4dr 2WD 152 90 109 85
Audi A3 4dr 4WD 147 73 111 80
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Audi A3 insurance analysis

The premium table displayed next highlights different insurance policy prices for Audi A3 models. Understanding how rate quotes are calculated can assist in making decisions on the best policy to buy.

Audi A3 Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A3 2.0T Premium Package $256 $594 $366 $22 $110 $1,348 $112
A3 2.0T Premium Plus Package $256 $594 $366 $22 $110 $1,348 $112
A3 2.0T Quattro $288 $594 $366 $22 $110 $1,380 $115
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Price information does not factor in specific location information which can increase or decrease coverage rates substantially.

Where to set your deductibles

A question often asked by Plano drivers is which deductibles should you choose. The following insurance rates can help you visualize how much more rates are between high and low policy deductibles. The first pricing table uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $500 deductible.

Audi A3 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A3 2.0T Premium Package $328 $698 $382 $22 $114 $1,569 $131
A3 2.0T Premium Plus Package $328 $698 $382 $22 $114 $1,569 $131
A3 2.0T Quattro $370 $698 $382 $22 $114 $1,611 $134
Get Your Own Custom Quote Go
Audi A3 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A3 2.0T Premium Package $240 $472 $382 $22 $114 $1,230 $103
A3 2.0T Premium Plus Package $240 $472 $382 $22 $114 $1,230 $103
A3 2.0T Quattro $270 $472 $382 $22 $114 $1,260 $105
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Prices do not factor in your specific Plano location which can modify insurance rates noticeably.

Based on these figures, using a $100 deductible will cost you approximately $28 more each month or $336 annually than opting for the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 14 months between claim filings, you would save more money if you choose a higher deductible.

How to calculate if higher deductibles make sense

Average monthly premium for $100 deductibles: $132
Average monthly premium for $500 deductibles (subtract): - $104
Monthly savings from raising deductible: $28
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

How violations and accidents impact rates

The diagram below demonstrates how traffic citations and fender-benders influence Audi A3 insurance premiums for each different age category. The price estimates are based on a single female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.

Take advantage of these rate reducing discounts

Car insurance is not an enjoyable expense, but you can get discounts that you may not even be aware of. Most are applied at the time you complete a quote, but occasionally some discounts must be specifically requested prior to receiving the credit.Discount car insurance

  • Own a Home and Save - Owning a home in Plano can save you money since owning and maintaining a home requires personal responsibility.
  • Telematics Devices - People who choose to allow driving data collection to monitor where and when they drive by using a telematics device such as Progressive's Snapshot may see discounts as long as they are good drivers.
  • Good Grades Discount - Maintaining excellent grades can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Multiple Cars - Buying coverage for primary and secondary vehicles with one company qualifies for this discount.
  • Low Mileage - Driving fewer miles can qualify you for lower prices on the low mileage vehicles.
  • Government Employee Discount - Simply working for the federal government could qualify for a slight premium decrease with a few car insurance companies.
  • Senior Citizen Rates - Seniors could receive lower premium rates.
  • Discounts for Cautious Drivers - Drivers who avoid accidents may save up to 50% more than less cautious drivers.
  • First Accident Forgiveness - This one isn't a discount, but certain companies will turn a blind eye to one accident before hitting you with a surcharge if you are claim-free prior to being involved in the accident.

Just know that most of the big mark downs will not be given to the entire cost. A few only apply to individual premiums such as physical damage coverage or medical payments. So even though you would think you could get a free car insurance policy, insurance companies wouldn't stay in business.

The information below illustrates the comparison of Audi A3 insurance costs with and without discounts applied to the policy premium. The price estimates are based on a female driver, a clean driving record, no claims, Texas state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, marriage, multi-car, multi-policy, and safe-driver discounts applied.

The best car insurance companies and a summarized list of policyholder discounts are shown below.

  • GEICO discounts include defensive driver, good student, military active duty, membership and employees, emergency military deployment, daytime running lights, and air bags.
  • Mercury Insurance may have discounts that include low natural disaster claims, annual mileage, age of vehicle, location of vehicle, good student, multi-car, and professional/association.
  • Farmers Insurance may include discounts for electronic funds transfer, bundle discounts, switch companies, good student, homeowner, mature driver, and business and professional.
  • Auto-Owners Insurance offers discounts for safe driver, anti-lock brakes, good student, paperless, air bags, student away at school, and mature driver.
  • Liberty Mutual has savings for new graduate, newly married, preferred payment discount, good student, multi-policy, exclusive group savings, and multi-car.
  • SAFECO offers premium reductions for bundle discounts, anti-theft, teen safety rewards, multi-car, and anti-lock brakes.
  • Progressive policyholders can earn discounts including good student, multi-policy, homeowner, online signing, online quote discount, continuous coverage, and multi-vehicle.
  • USAA includes discounts for military installation, loyalty savings, vehicle storage, safe driver, and family discount.

Check with every prospective company to apply every possible discount. Savings may not apply to policyholders everywhere. If you would like to choose from a list of insurers that offer multiple discounts in Plano, follow this link.

Plano auto insurance companies

Picking the highest-rated auto insurance provider is hard considering how many different insurance companies sell coverage in Plano. The ranking information in the next section can help you select which car insurance companies you want to consider purchasing a policy from.

Top 10 Plano Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Top 10 Plano Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Do the work, save more money

When trying to cut insurance costs, it's not a good idea to sacrifice coverage to reduce premiums. There are a lot of situations where someone dropped collision coverage and learned later that their decision to reduce coverage ended up costing them more. Your objective should be to buy the best coverage you can find for the lowest price, but do not skimp to save money.

We just covered a lot of information how to shop for Audi A3 insurance online. The most important thing to understand is the more you quote Plano car insurance, the better your chances of lowering your premium rates. Drivers may even discover the lowest auto insurance rates come from a lesser-known regional company.

Drivers change insurance companies for a number of reasons such as policy non-renewal, not issuing a premium refund, an unsatisfactory settlement offer or even unfair underwriting practices. It doesn't matter why you want to switch choosing a new company is actually quite simple.

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